PKO BP share price
During the Tuesday session, the PKO BP share price exceeded PLN 80 per item, and thus the total capitalization exceeded PLN 100 billion. Until now, PLN 81.08 has been paid for one share. Around 12.30, the bank’s share price was PLN 79.76, at a turnover of over PLN 100 million.
Historical record
“We are happy, this is a historical record. We had such plans to raise the valuation to PLN 100 billion, but probably no one expected that it would happen so quickly. What makes us most happy is the fact that many analysts raising us the target prices in their recommendations” – said Szymon Mider in the lobby organized by PKO BP Capital Markets in London.
A large increase in capitalization
President of PKO BP pointed out that Over the past year, the capitalization of PKO BP has increased from 45 to 100 billion. When asked about the reasons for this increase in the valuation, he said: “On the one hand, faster than on the market increase in volumes, this can be clearly seen after the last results in 2024, we can also see it now after reading from the first quarter. We are growing faster than the market in key business lines, in financing corporate and individual customers, but we also have faster dynamics of interest and commission results than on the market.”
“Our main goals are defined in the strategy: strengthening market position and organic growth, we focus on this and want to increase our market share and in the corporate part. We have very precisely defined in individual business lines, we show it, for example, in the corporate area, where we want to increase participation from 16 to 18 percent.” Szymon Mider added.
Financial goals
According to the President of PKO BP, the implementation of financial goals recorded in the strategy will support a stock exchange valuation. In this context, he mentioned ROE over 19 %, Cost/Income around 30, the ability to pay dividends in the 50-75 percent band. profit, credit risk under control.
“I think The market has already discounted interest rate reduction in our valuation and in the growth of this valuation. We are prepared for foot reductions. Increase in volumes, increase in customer activity, two -digit, the highest on the market, an increase in commission result – all this is prepared by the bank for functioning in a completely different world of reduced percentage rates, “said Szymon Midera. (PAP Biznes)
